Corporate Banking in Brazil
RAROC profiles and pricing benchmarks for 1 Brazil banks, sourced from Pillar 3 disclosures.
Last updated: March 2026 · Data source: public Pillar 3 disclosures
Banks tracked
1
Headquartered in Brazil
Total corporate EAD
EUR 732bn
Combined exposure
Avg cost-to-income
38.8%
Operating efficiency
Avg corporate PD
1.22%
Probability of default
Overview
OpenRAROC tracks 1 banks headquartered in Brazil with a combined corporate credit exposure of EUR 732bn. The average Brazil bank in our dataset has a cost-to-income ratio of 38.8% and an average corporate probability of default of 1.22%. On a representative BBB+ EUR 25M 5-year term loan, these banks generate an average RAROC of 5.79%.
Cheapest vs most expensive in Brazil
On the standard sample deal, Itau Unibanco is the cheapest lender in Brazil, requiring just 294bp to hit a 12% RAROC hurdle. The most expensive is Itau Unibanco at 294bp — a difference of 0bp on the same deal. For a EUR 25M facility, that's EUR 0 per year in interest expense.
All 1 banks ranked by RAROC
RAROC computed on a representative BBB+ rated, 5-year, EUR 25M term loan at 150bp spread. Click any bank for its full profile.
| # | Bank | C/I | Avg PD |
LGD | EAD | RAROC | Min spread |
| 1 | Itau Unibanco | 38.8% | 1.22% | 39.2% | EUR 732bn | 5.79% | 294bp |
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FAQ: corporate banking in Brazil
How many banks in Brazil does OpenRAROC cover?
OpenRAROC tracks 1 banks headquartered in Brazil, with a combined corporate credit exposure of EUR 732bn reported in their most recent Pillar 3 CR6 disclosures.
Which Brazil bank has the tightest corporate credit pricing?
On a representative BBB+ EUR 25M 5-year term loan, Itau Unibanco requires the lowest minimum spread to clear a 12% RAROC hurdle (294bp), making it the cheapest lender in the Brazil cohort on that specific deal.
What is the average cost-to-income ratio of Brazil banks?
The 1 Brazil banks in the dataset report an average cost-to-income ratio of 38.8% and an EAD-weighted average corporate probability of default of 1.22%.
How is RAROC calculated for Brazil banks?
Each bank is priced on the same BBB+ EUR 25M 5-year term loan, using its own disclosed cost-to-income, effective tax rate, funding spread, and IRB-approach PD/LGD parameters. See the methodology page for the full formula.